Sabre has developed SynXis Analytics Cloud, an analytics platform to use artificial intelligence to help maximize total hotel revenue. Without an industry-grade automated solution, many hoteliers are hamstrung with a number of separate—often manual—reports, creating an expensive lag in their revenue-focused decisions and making them reactive to market dynamics.
Leveraging artificial intelligence, SynXis Analytics Cloud identifies opportunities for revenue and guest-experience improvement and helps hoteliers avoid lost revenue by analyzing data from operations, finances, room-stay production, ancillaries and rate-room-channel configurations to deliver targeted, actionable insights. A hotel user is also able to design and test different predictive models by choosing a variety of pre-built machine learning algorithms.
"The move to predictive forward-looking analytics represents a tectonic shift for the hospitality industry that has traditionally been limited to static backward-looking reporting,” said Balaji Krishnamurthy, VP of global strategy, corporate development and business intelligence for Sabre Hospitality Solutions, in a statement.
Several Sabre customers including Denihan Hospitality Group, Preferred Hotels & Resorts, Vantage Hospitality Group, L.E. Hotels, and Two Roads Hospitality have already installed these solutions.
"SynXis Analytics Cloud offers powerful analytics tools that are fast and easy to use and the fresh visualization capabilities allow for in-depth analysis of subchannel booking trends,” said Joshua Steele, Denihan Hospitality Group's director of reservations, key accounts and operations. “I have used the tool for market segmentation channel analysis and to evaluate negotiated account performance."
SynXis Analytics Cloud includes a suite of pre-built insights for executives, business managers and hotel revenue analysts that allow them to see hotel performance at a region/brand/chain level down to rate code level, while also providing powerful on-demand analytics and storytelling capabilities. The platform offers a robust data warehousing service to host and integrate multiple sources of hospitality data in the cloud and empower highly customized, on-demand analytics consumed through a suite of self-service business intelligence capabilities.
Performance Insights, Self-Service BI and Rate Insights are the flagship products available today in the SynXis Cloud Analytics suite of solutions. Sabre expects to expand its business intelligence offering later this year with additional AI-powered solutions.